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Tax Rebate U S 87a For Senior Citizens
Tax Rebate U S 87a For Senior Citizens -
Senior citizens above 60 years and below 80 years of age can avail a rebate under Section 87A The amount of rebate will be lower than the limit specified
Rebate u s 87A Resident Individuals are also eligible for a Rebate of up to 100 of income tax subject to a maximum limit depending on tax regimes as under Total Income Old
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Senior citizens above 60 years and up to 80 years of age are eligible to claim rebates under Section 87A Super senior citizens above 80 years are not eligible
Premium Senior citizens For tax liability on income other than equity fund long term gains you fully get a rebate under Section 87A
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Any individual whose annual net income does not exceed Rs 5 Lakh qualifies to claim tax rebate under Section 87a of the Income Tax Act 1961 This implies an individual can
ISuper senior citizens above the age of 80 years do not hold eligibility to claim rebates u s 87A The rebate amount will also be lower than the specified limit under Section 87A
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https://www.incometax.gov.in/iec/foportal/help/...
Rebate u s 87A Resident Individuals are also eligible for a Rebate of up to 100 of income tax subject to a maximum limit depending on tax regimes as under Total Income Old
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For the fiscal years 2021 22 and 2022 23 AY 2022 23 and AY 2023 24 senior citizens with taxable income up to Rs 5 00 000 can claim a tax rebate u s 87A The rebate
Rebate u s 87A Resident Individuals are also eligible for a Rebate of up to 100 of income tax subject to a maximum limit depending on tax regimes as under Total Income Old
For the fiscal years 2021 22 and 2022 23 AY 2022 23 and AY 2023 24 senior citizens with taxable income up to Rs 5 00 000 can claim a tax rebate u s 87A The rebate
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